Financial Performance - The company's operating revenue for 2020 was ¥1,149,153,968.02, representing a 5.99% increase compared to ¥1,084,248,623.96 in 2019[15] - The net profit attributable to shareholders for 2020 was ¥68,278,696.61, a 23.50% increase from ¥55,286,886.21 in 2019[15] - The net cash flow from operating activities reached ¥170,936,239.26, showing a significant increase of 104.19% compared to ¥83,715,877.67 in 2019[15] - Basic earnings per share for 2020 were ¥0.23, up 27.78% from ¥0.18 in 2019[15] - Total assets at the end of 2020 amounted to ¥1,086,156,330.83, a 2.12% increase from ¥1,063,640,052.16 at the end of 2019[15] - The net assets attributable to shareholders increased by 3.42% to ¥678,180,946.47 at the end of 2020 from ¥655,744,088.32 at the end of 2019[15] - The weighted average return on equity for 2020 was 10.61%, an increase of 2.25% from 8.36% in 2019[15] - The company reported a net profit of ¥57,152,423.92 in Q4 2020, following a loss of ¥11,962,088.78 in Q1 2020[17] - The company achieved total operating revenue of CNY 1,149.15 million, a year-on-year increase of 5.99%[46] - Operating profit reached CNY 99.03 million, reflecting a growth of 24.66% compared to the previous year[46] - Net profit attributable to shareholders was CNY 68.28 million, up 23.50% year-on-year[46] Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥0.9 per 10 shares, based on a total of 300,083,479 shares[4] - The cash dividend represents 100% of the distributable profit for the year, which amounts to 306,237,989.72 CNY[114] - The cash dividend for 2020 accounts for 39.55% of the net profit attributable to the parent company, which is 68,278,696.61 CNY[117] - The company announced a cash dividend of 0.90 CNY per 10 shares, totaling 27,007,513.11 CNY (including tax) for the fiscal year 2020[114] - In 2019, the company distributed a cash dividend of 0.45 CNY per 10 shares, totaling 10,260,166.68 CNY[115] - The cash dividend for 2018 was 0.50 CNY per 10 shares, totaling 7,751,277.50 CNY, with a distribution ratio of 20.20% of the net profit[117] - The company has maintained a consistent dividend policy, ensuring transparency and compliance with regulations[113] Business Operations and Strategy - The company’s main business includes software development and system integration services, primarily targeting the financial sector, military, and government institutions[25] - The electronic channel and integration cloud platform is a core product, widely applied in large state-owned banks and regional commercial banks[26] - The trade financing settlement system is designed to support various international settlement business types, currently utilized by major state-owned and policy banks[27] - The transaction banking system aims to enhance customer experience and reduce service costs for corporate clients, integrating multiple service platforms[28] - The company has maintained its core business focus since its establishment, with no significant changes reported[25] - The company’s financial performance is driven by its strong software development capabilities and extensive technical support network[25] - The company focuses on the financial technology and military information sectors, emphasizing blockchain, big data, and cloud computing for innovation and core technology breakthroughs[35] - The company’s core business strategy revolves around maintaining stable revenue from traditional clients while expanding its customer base and exploring new business opportunities[34] Research and Development - The company has invested significantly in R&D, maintaining its competitive edge in big data and blockchain technologies, with a focus on practical applications in public security[48] - The company is committed to enhancing research and development in graph databases and knowledge graphs, aiming for significant achievements in financial, public security, and military big data fields in 2021[99] - Total R&D investment reached ¥147,776,034.24 in 2020, accounting for 12.86% of operating revenue[69] - The number of R&D personnel increased to 1,190 in 2020, representing 66.00% of the workforce[69] - R&D expenses rose by 7.45% to ¥77,718,393.47 in 2020 from ¥72,331,791.46 in 2019[68] Acquisitions and Investments - The company completed the acquisition of a 55% stake in Beijing Qinglin Software Technology Co., leading to a 100% decrease in equity assets[38] - The company acquired a 55% stake in Beijing Qinglin Software Technology Co., Ltd. on June 1, 2020, after purchasing additional shares for 36,000,000.00 CNY[65] - The company’s goodwill increased by 36.49% as a result of the acquisition of Beijing Qinglin Software Technology Co.[38] - The company acquired control of Beijing Qinglin Software Technology Co., Ltd., resulting in an increase in consolidated assets during the reporting period[80] Market and Competitive Position - The company has a strong competitive position in the financial information sector, leveraging over 20 years of industry experience[37] - The company’s revenue from software development increased by 47.13% to ¥300,401,937.43, compared to ¥204,177,694.10 in 2019[54] - The revenue from the military industry surged by 297.97% year-over-year, reaching 64,786,701.96 CNY[58] - The company’s revenue from the North China region was ¥927,268,330.51, accounting for 80.69% of total revenue, with a growth of 5.37% year-on-year[55] Risks and Challenges - The company highlighted risks including reliance on major clients and rising labor costs due to the impact of the COVID-19 pandemic[4] - The company recognizes that only 32% of enterprise data value is currently activated, highlighting the need for effective data utilization strategies as data is expected to grow at a rate of 42.2% over the next two years[97] - The company reported that 52.62% of its main business revenue comes from its top five clients, highlighting a dependency risk on major customers[105] Compliance and Governance - The company has not faced any penalties or corrective actions during the reporting period, reflecting compliance with regulatory standards[134] - The company has maintained its accounting firm, Da Hua Certified Public Accountants, for two consecutive years, ensuring continuity in financial auditing[131] - The company guarantees that its IPO prospectus and related materials are truthful and complete, with accountability for any misleading information[120] - The company will disclose any unfulfilled commitments and the reasons behind them, ensuring transparency with investors[120] Shareholder Information - The largest shareholder, Li Fuhua, holds 14.53% of the shares, totaling 43,592,250 shares, with 10,059,750 shares added during the reporting period[198] - The second-largest shareholder, Kang Lu, owns 13.09% of the shares, amounting to 39,282,750 shares, with an increase of 9,056,250 shares during the reporting period[198] - The third-largest shareholder, Jiang Linhua, holds 11.54% of the shares, totaling 34,616,750 shares, with an increase of 7,204,250 shares during the reporting period[198] - The company has a total of 10 major shareholders, with the top three holding a combined 39.16% of the shares[198]

Financial Performance - The company's revenue for Q1 2021 was ¥137,233,156.79, representing a 26.62% increase compared to ¥108,377,660.29 in the same period last year[8] - The net profit attributable to shareholders was -¥8,756,139.21, an improvement of 26.80% from -¥11,962,088.78 year-on-year[8] - The basic earnings per share improved to -¥0.03 from -¥0.04, reflecting a 25.00% increase[8] - The company's revenue increased by 26.62% compared to the same period last year, with corresponding increases in operating profit and net profit[17] - Net profit for Q1 2021 was a loss of CNY 6,960,337.90, compared to a loss of CNY 12,009,396.22 in Q1 2020, showing an improvement of approximately 42.6%[39] - The total comprehensive income for Q1 2021 was a loss of CNY 6,960,337.90, compared to a loss of CNY 12,009,396.22 in the same period last year[39] - The company’s operating profit for Q1 2021 was a loss of CNY 6,269,853.06, an improvement from a loss of CNY 11,893,042.99 in Q1 2020, reflecting a reduction of approximately 47.3%[41] Cash Flow - The net cash flow from operating activities was -¥41,017,512.46, showing a 7.23% improvement compared to -¥44,215,091.64 in the previous year[8] - Cash flow from operating activities increased significantly to CNY 220,036,490.85 from CNY 133,041,130.68, marking a growth of approximately 65.4%[45] - The net cash flow from operating activities was -21,067,313.69 yuan, compared to -8,474,010.29 yuan in the previous period, indicating a decline in operational cash generation[49] - Total cash and cash equivalents at the end of the period were 84,196,875.66 yuan, down from 113,401,170.80 yuan in the previous period, reflecting a decrease of approximately 25.7%[50] - The company reported a net cash outflow from investing activities of -4,321,623.92 yuan, compared to -558,500.00 yuan in the previous period, showing increased investment expenditures[50] - Cash inflow from financing activities was 41,617,342.84 yuan, while cash outflow totaled 66,281,664.56 yuan, resulting in a net cash outflow of -24,664,321.72 yuan from financing activities[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,064,087,401.14, a decrease of 2.03% from ¥1,086,156,330.83 at the end of the previous year[8] - Total liabilities decreased to CNY 349,003,738.75 from CNY 367,035,070.27, reflecting a reduction of approximately 4.5%[31] - Current liabilities totaled CNY 343,033,974.66, down from CNY 366,792,256.75, indicating a decrease of about 6.5%[31] - The company reported a decrease in cash and cash equivalents to CNY 97,053,979.01 from CNY 120,139,727.98, a decline of approximately 19.2%[32] - Accounts receivable decreased to CNY 211,641,373.61 from CNY 246,449,675.34, representing a decline of about 14.1%[32] - Total assets amounted to 914,964,193.45, with current assets at 477,708,545.37 and non-current assets at 437,255,648.08[55] - Total liabilities were reported at 302,269,289.43, with current liabilities comprising 302,269,289.43[56] Expenses - Tax expenses increased by 98.68% compared to the same period last year, primarily due to higher value-added tax and stamp duty payments[17] - Sales expenses rose by 45.26% year-on-year, driven by active market expansion efforts[17] - Management expenses increased by 67.02% year-on-year, mainly due to higher equity incentive costs[17] - Research and development expenses were CNY 16,044,909.61, slightly down from CNY 17,536,441.03, indicating a decrease of about 8.5%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,938[12] - The company’s equity attributable to shareholders was CNY 672,347,546.99, down from CNY 678,180,946.47[32] - The company’s retained earnings were CNY 360,342,503.39, a decrease from CNY 369,098,642.60[32] Customer Dependency - The company’s reliance on its top five customers accounts for 55.95% of total revenue, indicating a risk of dependency on major clients[19] Human Resources - The company has established talent bases in Wuhan, Tianjin, and Chengdu to alleviate rising human resource costs[20] Other Financial Metrics - The company recorded credit impairment losses of CNY 3,093,719.50, compared to a gain of CNY 166,594.35 in the previous year[41] - The company’s capital reserve increased to CNY 14,912,065.07 from CNY 11,989,325.34, reflecting a growth of approximately 24.1%[31] - The company paid 51,726,669.88 yuan to employees, which is an increase from 35,288,324.91 yuan in the previous period, indicating a rise in labor costs[49]

Financial Performance - The company's operating revenue for 2020 was ¥1,149,153,968.02, representing a 5.99% increase compared to ¥1,084,248,623.96 in 2019[15]. - The net profit attributable to shareholders for 2020 was ¥68,278,696.61, a 23.50% increase from ¥55,286,886.21 in 2019[15]. - The net cash flow from operating activities reached ¥170,936,239.26, showing a significant increase of 104.19% compared to ¥83,715,877.67 in 2019[15]. - Basic earnings per share for 2020 were ¥0.23, up 27.78% from ¥0.18 in 2019[15]. - The total assets at the end of 2020 were ¥1,086,156,330.83, a 2.12% increase from ¥1,063,640,052.16 at the end of 2019[15]. - The net assets attributable to shareholders increased by 3.42% to ¥678,180,946.47 at the end of 2020 from ¥655,744,088.32 at the end of 2019[15]. - The company reported a quarterly revenue of ¥416,993,124.91 in Q4 2020, the highest among the four quarters[17]. - The company experienced a net profit of ¥57,152,423.92 in Q4 2020, recovering from losses in the first quarter[17]. - The company’s total operating revenue for 2020 was ¥1,149,153,968.02, representing a year-on-year increase of 5.99% compared to ¥1,084,248,623.96 in 2019[54]. - Operating profit reached CNY 99.03 million, reflecting a growth of 24.66% compared to the previous year[46]. - Net profit attributable to shareholders was CNY 68.28 million, up 23.50% year-on-year[46]. - The company reported a net profit attributable to shareholders of ¥57,152,423.9 in Q4 2020, compared to a loss of ¥11,962,088 in Q1 2020, indicating a strong recovery in the latter half of the year[56]. Dividend Distribution - The company plans to distribute a cash dividend of ¥0.9 per 10 shares, based on a total of 300,083,479 shares[4]. - The company announced a cash dividend of 0.90 CNY per 10 shares, totaling 27,007,513.11 CNY (including tax) for the fiscal year 2020[114]. - The cash dividend accounted for 100% of the distributable profit of 306,237,989.72 CNY for the same period[114]. - The cash dividend for 2020 represented 39.55% of the consolidated net profit attributable to the company's ordinary shareholders[117]. - The company maintained a consistent dividend policy, ensuring transparency and compliance with regulations[113]. - The cash dividend distribution process allows for adjustments in case of changes in share capital due to stock options or convertible bonds[116]. - The company has a history of increasing cash dividends over the past three years, reflecting a commitment to returning value to shareholders[117]. Business Strategy and Market Focus - The company continues to focus on software development and system integration services primarily for the financial sector, with no changes in its main business since establishment[25]. - Key products include the electronic channel integration cloud platform and trade financing settlement system, widely applied in financial and governmental sectors[25][27]. - The company emphasizes a microservices architecture in its collaborative cloud platform to enhance efficiency and scalability in banking operations[26]. - The transaction banking system aims to reduce service costs for banks while improving customer satisfaction through a comprehensive electronic banking platform[28]. - The company focuses on "financial technology" and "military informationization" as its core market areas, emphasizing blockchain, big data, and cloud computing for innovation and technology breakthroughs[35]. - The company is actively adapting its big data applications to the financial sector, building on its established success in public security and military applications[99]. - The company plans to leverage its technological advantages in big data and blockchain to expand its influence within the existing financial client base and reach more clients in the financial sector[94]. - The company is increasing investment in product development and marketing in the public security sector, focusing on internet-based public security services and smart policing[95]. Research and Development - The company has invested significantly in R&D, maintaining its competitive edge in big data and blockchain technologies, with a focus on practical applications in public security[48]. - The company is aiming to enhance its research and development efforts in graph databases and knowledge graphs, particularly in the financial, public security, and military big data fields[99]. - In 2020, the company's R&D expenditure amounted to ¥147,776,034.24, representing 12.86% of total revenue, a slight decrease from 13.16% in 2019[69]. - The number of R&D personnel rose to 1,190, accounting for 66.00% of the workforce, down from 81.77% in 2019[69]. - The company will continue to invest heavily in R&D, focusing on big data, blockchain, cloud computing, and artificial intelligence to maintain industry leadership[102]. Acquisitions and Investments - The company completed the acquisition of a 55% stake in Beijing Qinglin Software Technology Co., Ltd., resulting in a 100% decrease in equity assets[38]. - The company acquired a 55% stake in Beijing Qinglin Software Technology Co., Ltd. during the reporting period, enhancing its market position[65]. - The company acquired 15% equity in Beijing Qinglin Software Technology Co., Ltd. for a total cash payment of CNY 36 million, increasing its ownership to 55%[171]. - The cash acquisition of Beijing Qinglin Software Technology Co., Ltd. had a revenue impact of 3,691,944.45 yuan and a net profit impact of 2,706,751.93 yuan for the parent company's shareholders[90]. Risk Management - The company highlighted risks including reliance on major clients and rising labor costs, as well as the impact of the COVID-19 pandemic[4]. - The company is actively monitoring the impact of the COVID-19 pandemic on its operations and is implementing measures to mitigate risks associated with client site restrictions[106]. Compliance and Governance - The company’s board of directors confirmed that there were no non-standard audit reports for the reporting period[128]. - The company has not faced any penalties or rectification issues during the reporting period, reflecting compliance with regulations[134]. - The company has made commitments to ensure the accuracy and completeness of its IPO prospectus and related application materials[122]. - The company will ensure that any stock incentive policies are aligned with the execution of its compensation measures[120]. - The company is committed to protecting investor rights through various measures in case of unfulfilled commitments[121]. Shareholder Information - The total number of shareholders at the end of the reporting period is 23,169, an increase from 19,978 at the end of the previous month[198]. - The largest shareholder, Li Fuhua, holds 14.53% of the shares, totaling 43,592,250 shares, with an increase of 10,059,750 shares during the reporting period[198]. - The second-largest shareholder, Kang Lu, owns 13.09% of the shares, amounting to 39,282,750 shares, with an increase of 9,056,250 shares[198]. - The top ten shareholders include a mix of individual and institutional investors, with the largest institutional shareholder being CITIC Securities Co., Ltd., holding 1.68% of the shares[198].

Financial Performance - Operating revenue for the current period reached CNY 318,086,324.16, representing a growth of 78.55% year-on-year[7] - Net profit attributable to shareholders decreased by 15.19% to CNY 1,488,678.35 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses increased by 121.60% to CNY 853,355.62[7] - The company reported a net profit margin improvement, with net profit for the period showing positive trends, although specific figures were not disclosed in the provided content[36] - The net profit for the third quarter of 2020 was CNY 5,399,997.92, compared to CNY 3,561,625.98 in the previous year, indicating a year-over-year increase of about 51.5%[39] - The total comprehensive income for the third quarter was CNY 5,399,997.92, an increase from CNY 3,561,625.98 in the previous year, representing a growth of approximately 51.5%[39] Cash Flow - The net cash flow from operating activities was negative at CNY -47,407,792.17, a decline of 276.91%[7] - The net cash flow from operating activities was negative CNY 41,240,718.41, compared to negative CNY 35,615,811.78 in the previous year[51] - Operating cash inflow for the period was CNY 517,128,748.54, down 19.5% from CNY 642,724,911.89 in the previous period[55] - Cash flow from investing activities resulted in a net outflow of -CNY 66,348,750.23, worsening from -CNY 27,786,054.72 in the previous year[56] - Cash inflow from financing activities was CNY 151,894,326.27, slightly down from CNY 161,456,758.40 in the prior period[56] - Net cash flow from financing activities improved to CNY 18,788,894.36 from -CNY 68,511,970.14 year-over-year[56] Assets and Liabilities - Total assets increased by 9.25% to CNY 1,162,000,917.41 compared to the end of the previous year[7] - The company's total liabilities increased to ¥514,843,897.34 from ¥383,981,247.62, reflecting a rise of approximately 34.1%[31] - Cash and cash equivalents decreased by 39.57% compared to the beginning of the year, primarily due to the repayment of long-term loans and payments of long-term payables[19] - Accounts receivable increased by 43.00% compared to the beginning of the year, attributed to an increase in customer payments[19] - Short-term borrowings increased by 314.61% compared to the beginning of the year, reflecting increased liquidity needs[19] - Total liabilities decreased by 19,197,253.39 to 383,981,247.62 compared to the previous quarter[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,679[11] - The top three shareholders collectively hold 39.18% of the company's shares, with the largest shareholder holding 14.53%[11] Expenses - Financial expenses decreased by 51.96% compared to the same period last year, mainly due to reduced interest payments on loans[20] - The company's management expenses for the third quarter were CNY 20,177,182.59, up from CNY 10,944,451.63 in the previous year, indicating an increase of about 84%[38] - The sales expenses for the third quarter were CNY 7,908,326.69, a decrease from CNY 9,477,217.69 in the previous year, reflecting a reduction of approximately 16.6%[38] Investment and Growth - The company received government subsidies totaling CNY 1,995,478.96 during the reporting period[8] - The company is focusing on expanding its market presence and enhancing its product offerings, although detailed strategies were not specified in the provided content[36] - The company reported an investment income of CNY 20,306,832.23 for the current period, an increase of 31.5% compared to CNY 15,446,971.65 in the same period last year[49] Other Financial Metrics - Basic earnings per share remained at CNY 0.01, a 100% increase compared to the previous period[7] - The weighted average return on net assets was 0.25%, an increase of 0.04% from the previous year[7] - Research and development expenses for the third quarter amounted to CNY 18,494,254.27, slightly down from CNY 19,866,062.56 in the previous year, showing a decrease of about 6.9%[38] - The company experienced a credit impairment loss of CNY 241,008.98, a significant improvement compared to a loss of CNY 4,219,351.74 in the previous year[46]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥414,074,518.95, a decrease of 16.38% compared to ¥495,213,477.73 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥9,637,594.34, an increase of 13.32% from ¥8,504,496.66 in the previous year[18]. - The net cash flow from operating activities was ¥6,167,073.76, a significant improvement of 109.88% compared to a negative cash flow of ¥62,413,667.10 in the same period last year[18]. - Total assets at the end of the reporting period were ¥1,100,058,860.64, reflecting a growth of 3.42% from ¥1,063,640,052.16 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 7.66%, amounting to ¥605,505,958.85 compared to ¥655,744,088.32 at the end of the previous year[18]. - The basic earnings per share remained stable at ¥0.03, unchanged from the same period last year[18]. - The weighted average return on net assets increased to 1.49%, up from 1.33% in the previous year[18]. - The company achieved a profit total of CNY 4,241 billion in the first half of 2020, reflecting a 1.3% year-on-year growth[31]. - The net profit attributable to ordinary shareholders of the parent company was CNY 9.64 million, an increase of 13.32% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 8.55 million, up 11.05% year-on-year[41]. Revenue Breakdown - The company reported a 6.7% year-on-year increase in software business revenue, totaling CNY 35,609 billion in the first half of 2020[31]. - Revenue from system integration decreased by 24.87% to 254,421,328.55, with a gross margin of 11.50%, down 2.77% year-on-year[47]. - Software development revenue increased by 28.05% to 85,368,049.54, with a gross margin of 38.57%, up 3.24% compared to the previous year[47]. - Revenue from professional technical services fell by 17.71% to 72,777,976.91, with a gross margin of 39.30%, an increase of 3.05% year-on-year[47]. - Revenue from the banking sector decreased by 24.66% to 254,105,362.11, with a gross margin of 19.74%, up 1.64% year-on-year[48]. - Revenue from government and state-owned enterprises dropped by 38.26% to 72,760,644.68, with a gross margin of 20.80%, down 3.50% year-on-year[48]. Investments and Acquisitions - The company acquired 55% control of Beijing Qinglin Software Technology Co., Ltd., resulting in a 100% decrease in equity assets by the end of the reporting period[32]. - The company's goodwill increased by 36.49% due to the acquisition of Beijing Qinglin Software Technology Co., Ltd.[33]. - The company acquired a 15% stake in Beijing Qinglin Software Technology Co., Ltd. for a total of 36 million yuan, increasing its ownership to 55%[111]. - The company is exploring potential mergers and acquisitions to enhance its market position[168]. Cash Flow and Financial Position - The net cash flow from investing activities was -72,702,602.83, a decrease of 117.19% compared to the previous period, primarily due to increased investment payments for acquiring control of Beijing Qinglin Software Technology Co., Ltd.[46]. - The net cash flow from financing activities improved to -6,157,964.05, a significant increase of 87.49% year-on-year, mainly due to reduced loan repayments during the reporting period.[46]. - The net increase in cash and cash equivalents was -72,690,896.07, representing a 49.91% improvement compared to the previous period, attributed to changes in operating and financing cash flows.[46]. - Cash and cash equivalents decreased by 2.43% to ¥213,194,015.35, accounting for 19.38% of total assets[54]. - The company's net cash flow from operating activities for the first half of 2020 was ¥6,167,073.76, a significant improvement compared to a net outflow of ¥62,413,667.10 in the same period of 2019[161]. Risks and Challenges - The company faces risks including reliance on major customers and rising labor costs, as well as impacts from the COVID-19 pandemic[4]. - The company is facing risks from the COVID-19 pandemic, which has affected contract signing and project execution[74]. - The company is implementing measures to manage accounts receivable risks, including linking receivables management to employee performance evaluations[75]. Strategic Initiatives - The company continues to focus on innovation in financial technology and military informationization, emphasizing blockchain, big data, and cloud computing[31]. - The company established a military industry division to enhance its service capabilities for military clients, marking a strategic expansion into the military market[42]. - The company is focusing on improving operational efficiency to mitigate losses in the next reporting period[169]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[173]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company did not distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the semi-annual period[80]. - The company announced a cash dividend of 0.45 yuan per share, totaling approximately 10.26 million yuan, to be distributed to shareholders[110]. - The total number of ordinary shareholders at the end of the reporting period was 15,572[126]. Corporate Governance - The company held its first extraordinary general meeting of shareholders in 2020 with a participation rate of 40.21% on March 26, 2020[79]. - The company’s board of directors and supervisory board were re-elected, with a new term of three years starting from the approval date of the shareholders' meeting[114]. - The company’s independent directors provided clear independent opinions on the profit distribution and capital increase proposals submitted to the shareholders' meeting[120]. Accounting and Reporting - The financial report for the first half of 2020 was not audited[143]. - The company follows the accounting standards issued by the Ministry of Finance for financial reporting[187]. - The company has evaluated its ability to continue as a going concern and found no significant doubts regarding its ongoing operations[185]. - The company’s financial statements are prepared based on actual transactions and events, in accordance with relevant accounting standards[184].

Financial Performance - Total revenue for Q1 2020 was ¥108,377,660.29, a decrease of 52.89% compared to ¥230,050,996.06 in the same period last year[7] - Net profit attributable to shareholders was -¥11,962,088.78, representing a decline of 79.59% from -¥6,660,868.41 year-on-year[7] - The company's operating revenue decreased by 52.89% compared to the same period last year due to the impact of the COVID-19 pandemic on contract signing and project execution[16] - Total operating revenue for the current period is ¥108,377,660.29, a decrease of 53.12% compared to ¥230,050,996.06 in the previous period[38] - Net loss for the current period is ¥12,009,396.22, compared to a net loss of ¥3,538,500.62 in the previous period, representing an increase in loss of 239.56%[40] - Basic and diluted earnings per share for the current period are both -¥0.05, compared to -¥0.03 in the previous period[40] Cash Flow and Liquidity - Net cash flow from operating activities improved by 53.23%, reaching -¥44,215,091.64 compared to -¥94,528,287.40 in the previous year[7] - Cash inflow from operating activities totals ¥133,041,130.68, down 33.67% from ¥200,814,644.85 in the previous period[45] - The net cash flow from operating activities was -44,215,091.64 CNY, an improvement from -94,528,287.40 CNY in the previous period, indicating a 53% reduction in cash outflow[46] - Total cash and cash equivalents at the end of the period were 206,322,781.59 CNY, down from 250,422,817.56 CNY, reflecting a decrease of approximately 17.6%[47] - The company reported a net cash outflow from investing activities of -565,500.00 CNY, compared to -30,296,527.47 CNY in the previous period, showing a significant reduction in investment cash outflow[50] - Cash inflow from financing activities was 41,617,342.84 CNY, down from 50,000,000.00 CNY, representing a decrease of 16.8%[50] - The net cash flow from financing activities was -24,664,321.72 CNY, worsening from -4,044,329.08 CNY in the previous period, indicating increased cash outflow[47] Assets and Liabilities - Total assets decreased by 3.73% to ¥1,023,955,346.44 from ¥1,063,640,052.16 at the end of the previous year[7] - Current assets totaled ¥691,877,397.59, down from ¥731,214,267.30, indicating a decrease of about 5.4%[30] - Cash and cash equivalents decreased to ¥217,650,974.46 from ¥286,187,764.91, representing a decline of approximately 24.0%[30] - Accounts receivable fell to ¥308,121,223.05 from ¥361,048,011.78, a decrease of around 14.7%[30] - Inventory increased significantly to ¥126,915,733.48 from ¥64,485,781.86, marking an increase of approximately 96.8%[30] - Total current liabilities rose to ¥351,212,801.70 from ¥320,381,247.62, an increase of about 9.5%[32] - Total liabilities increased to ¥406,179,468.37 from ¥383,981,247.62, indicating an increase of about 5.0%[32] - Owner's equity decreased to ¥617,775,878.07 from ¥679,658,804.54, a decline of approximately 9.1%[33] - The company reported a decrease in undistributed profits to ¥305,379,039.81 from ¥335,586,802.46, a reduction of about 9.0%[33] Shareholder and Stock Information - The number of ordinary shareholders at the end of the reporting period was 16,432[10] - The company repurchased shares during the reporting period, leading to an 80.70% increase in treasury stock[14] - The company has repurchased a total of 3,726,400 shares for an amount not less than ¥15 million and not exceeding ¥30 million, with a maximum repurchase price of ¥24.87 per share[21][22] Operational Challenges and Strategies - The company is actively responding to the COVID-19 pandemic by promoting remote work and adhering to government guidelines[19] - The company is facing risks related to increasing accounts receivable due to longer project execution and acceptance cycles[20] - The company has implemented measures to manage accounts receivable risks, including aligning collection efforts with personnel incentives[20] - The company plans to establish talent bases in multiple cities to mitigate rising labor costs associated with technology talent[18] Supplier and Customer Concentration - The top five suppliers accounted for 48.11% of total procurement, with a procurement amount of ¥32,411,295.26, showing little change from the previous year[17] - Revenue from the top five customers was ¥60,703,733.50, representing 6.01% of total operating income, a decrease attributed to fewer completed system integration projects[17] - Over 50% of the company's main business income comes from the top five customers, indicating a reliance risk on major clients[18] Other Financial Information - The company has not reported any violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[24][25] - The company has implemented new revenue and leasing standards starting from 2020, with no retrospective adjustments made to prior comparative data[57] - The company has not undergone an audit for the first quarter report[57]

Financial Performance - Operating revenue for the period reached CNY 320,670,863.62, representing an 80.00% increase year-on-year[7] - Net profit attributable to shareholders was CNY 1,739,157.21, a decrease of 0.92% compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 186.65% to CNY 1,103,834.48[7] - Basic earnings per share remained at CNY 0.01, a 100.00% increase compared to the previous period[7] - The company achieved a 40.83% increase in other income compared to the same period last year, primarily due to increased VAT refunds[19] - Investment income decreased by 100.47% compared to the same period last year, as the company no longer recognizes investment income after acquiring a 55% controlling stake in Beijing Qinglin Software Technology Co., Ltd.[19] - The company reported a net profit margin improvement, with undistributed profits reaching ¥288,513,956.10, compared to ¥275,585,198.58 in the previous year, an increase of about 4.5%[35] - The company reported a total profit of CNY 26,221,629.45 for Q3 2020, compared to CNY 24,276,545.42 in Q3 2019, indicating a growth of 8.0%[46] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -47,407,792.17, a decline of 276.91%[7] - Cash and cash equivalents decreased by 39.57% compared to the beginning of the year, primarily due to repayment of long-term loans and payment of long-term payables[18] - The cash flow from operating activities showed a net outflow of CNY 41,240,718.41, compared to a net outflow of CNY 35,615,811.78 in the previous year[51] - Total cash and cash equivalents at the end of the period decreased to CNY 76,763,506.07 from CNY 151,328,898.12, a decline of 49.3%[56] - Cash flow from investing activities was negative CNY 66,348,750.23, worsening from negative CNY 27,786,054.72 year-over-year[56] - Cash inflow from financing activities was CNY 151,894,326.27, slightly down from CNY 161,456,758.40 in the previous year[56] - Net cash flow from financing activities improved to positive CNY 18,788,894.36 from negative CNY 68,511,970.14 year-over-year[56] Assets and Liabilities - Total assets increased by 8.71% to CNY 1,156,253,833.68 compared to the end of the previous year[7] - Cash and cash equivalents stood at CNY 157,518,072.77, indicating stable liquidity[62] - Total liabilities increased to ¥435,700,187.39 from ¥299,806,615.61, reflecting a rise of approximately 45.3%[35] - The total non-current assets amounted to ¥438,006,070.22, up from ¥401,556,986.36, indicating an increase of approximately 9.1%[34] - Total liabilities amounted to CNY 383,981,247.62, with current liabilities at CNY 320,381,247.62 and non-current liabilities at CNY 63,600,000.00[60] - The company’s short-term borrowings stood at CNY 27,192,797.40, unchanged from the previous year[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,679[11] - The top shareholder, Li Fuhua, holds 14.53% of the shares, totaling 43,592,250 shares[11] Other Financial Metrics - The weighted average return on equity was 0.28%, a slight decrease of 0.01%[7] - The company implemented a stock incentive plan in 2020, resulting in a 49.88% decrease in treasury stock compared to the beginning of the year[18] - The goodwill increased by 36.49% compared to the beginning of the year, resulting from the acquisition of Beijing Qinglin Software Technology Co., Ltd.[18] - Research and development expenses for the third quarter were CNY 18,494,254.27, slightly down from CNY 19,866,062.56, showing a decrease of about 6.9%[38] - The company's management expenses increased to CNY 47,796,711.44 from CNY 39,160,310.75, representing a rise of approximately 22.5%[46] Audit and Reporting - The company has not undergone an audit for the third quarter report, indicating it is unaudited[65] - The company has implemented new revenue and lease standards starting in 2020, which may impact future financial reporting[65]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥417,340,286.08, a decrease of 15.73% compared to ¥495,213,477.73 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥10,251,841.65, an increase of 20.55% from ¥8,504,496.66 year-on-year[18]. - The net cash flow from operating activities was ¥6,167,073.76, a significant improvement of 109.88% compared to a negative cash flow of ¥62,413,667.10 in the previous year[18]. - Total assets at the end of the reporting period were ¥1,104,615,413.27, reflecting a growth of 3.85% from ¥1,063,640,052.16 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 4.52% to ¥626,081,021.68 from ¥655,744,088.32 at the end of the previous year[18]. - The basic earnings per share remained stable at ¥0.03, unchanged from the same period last year[18]. - The weighted average return on net assets increased to 1.59%, up by 0.26% from 1.33% in the previous year[18]. - The company reported non-recurring gains and losses totaling ¥1,084,621.12 for the reporting period[23]. - The company achieved total operating revenue of CNY 417.34 million in the first half of 2020, a decrease of 15.73% compared to the same period last year[41]. - The net profit attributable to ordinary shareholders of the parent company was CNY 10.25 million, an increase of 20.55% year-on-year[41]. Cash Flow and Investments - The company reported a significant increase of 109.88% in net cash flow from operating activities, amounting to CNY 6.17 million[45]. - The net cash flow from investing activities was -72,702,602.83, a decrease of 117.19% compared to the previous period, primarily due to increased investment payments for acquiring control of Beijing Qinglin Software Technology Co., Ltd.[46]. - The net cash flow from financing activities improved to -6,157,964.05, a significant increase of 87.49% year-on-year, mainly due to reduced loan repayments during the reporting period[46]. - The net increase in cash and cash equivalents was -72,690,896.07, representing a 49.91% improvement compared to the previous period, attributed to changes in operating and financing cash flows[46]. - The company reported a net cash outflow from investing activities of CNY 72,702,602.83, compared to a net outflow of CNY 33,473,475.94 in the previous year[161]. - Cash inflow from financing activities was CNY 91,657,550.05, while cash outflow totaled CNY 97,815,514.10, leading to a net cash outflow of CNY 6,157,964.05[161]. Business Operations and Strategy - The company is focusing on financial technology and military informationization, leveraging blockchain, big data, and cloud computing for innovation[31]. - The company’s core strategy emphasizes maintaining stable revenue from traditional clients while expanding new client opportunities in the financial and military sectors[30]. - The company established a military industry division to enhance service capabilities for military clients, marking a strategic expansion[42]. - The company is focusing on developing new products and services to maintain its competitive edge and improve customer loyalty[72]. - The company aims to enhance its sustainable development capabilities through technology research and market expansion[72]. Acquisitions and Goodwill - The company acquired 55% control of Beijing Qinglin Software Technology Co., Ltd., resulting in a 100% decrease in equity assets[32]. - The company's goodwill increased by 36.49% due to the acquisition of Beijing Qinglin Software Technology Co., Ltd.[33]. - The acquisition of Beijing Qinglin Software Technology Co., Ltd. resulted in an impact of 4,669,403.98 CNY on operating income and 2,195,126.79 CNY on net profit attributable to the parent company[70]. - The company completed the acquisition of an additional 15% stake in Beijing Qinglin Software Technology Co., Ltd., increasing its ownership to 55%[71]. Risks and Challenges - The company faces risks including reliance on major customers and rising labor costs, as well as impacts from the COVID-19 pandemic[4]. - The company has faced challenges due to the COVID-19 pandemic, affecting contract signing and project execution[73]. - The company has increased its workforce to boost research and development efforts, leading to rising human resource costs[72]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company held three shareholder meetings during the reporting period, with investor participation rates of 40.21% for the first and annual meetings, and 40.20% for the second temporary meeting[79]. - The company approved a restricted stock incentive plan on June 22, 2020, aimed at promoting sustainable development and aligning interests with shareholders[87]. - The company approved the election of 7 directors for the 10th Board of Directors, with a term of three years starting from the date of approval[113]. Financial Position and Liabilities - Total liabilities increased to CNY 452,719,995.53 from CNY 383,981,247.62, marking an increase of about 17.9%[146]. - The company's total assets reached CNY 1,104,615,413.27, up from CNY 1,063,640,052.16, indicating a growth of approximately 3.85%[147]. - The equity attributable to the parent company decreased to CNY 626,081,021.68 from CNY 655,744,088.32, a decline of about 4.5%[147]. - The company reported a total of ¥50,866,666.67 in current non-current liabilities, down 1.02% from ¥62,866,666.67[55]. Accounting and Reporting - The financial statements were approved by the board of directors on August 26, 2020, indicating a structured governance process[179]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial position and performance[184]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[182].

新晨科技股份有限公司 2020 年第一季度报告全文 新晨科技股份有限公司 2020 年第一季度报告 2020-033 2020 年 04 月 1 新晨科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人康路、主管会计工作负责人余克俭及会计机构负责人(会计主管 人员)朱惠文声明：保证季度报告中财务报表的真实、准确、完整。 2 新晨科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 109,950,745.26 | 230,050,996.06 | -52.21% | | 归属于上市公司股东的净利润（元） | -11,553,348.07 | -6,6 ...

Financial Performance - The company's operating revenue for 2019 was CNY 1,084,248,623.96, representing a 32.36% increase compared to CNY 819,189,756.97 in 2018[16]. - The net profit attributable to shareholders for 2019 was CNY 55,286,886.21, up 44.09% from CNY 38,368,529.31 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 50,912,983.72, an increase of 80.20% compared to CNY 28,253,923.42 in 2018[16]. - The net cash flow from operating activities reached CNY 83,715,877.67, a significant increase of 251.00% from CNY 23,850,490.81 in 2018[16]. - Basic earnings per share for 2019 were CNY 0.24, reflecting a 50.00% increase from CNY 0.16 in 2018[16]. - The company reported a quarterly revenue of CNY 410,886,308.09 in Q4 2019, which was the highest among the four quarters[18]. - The company reported a net profit of 4,373,902.49 yuan for the year 2019, compared to 10,114,605.89 yuan in 2018, indicating a significant decrease in profitability[24]. - The company received government subsidies totaling 6,073,407.72 yuan in 2019, up from 1,668,104.34 yuan in 2018, reflecting a substantial increase in non-operating income[23]. Assets and Liabilities - Total assets at the end of 2019 were CNY 1,063,640,052.16, a decrease of 12.78% from CNY 1,219,552,093.83 at the end of 2018[16]. - The net assets attributable to shareholders increased by 2.87% to CNY 655,744,088.32 from CNY 637,469,308.95 in 2018[16]. - The company's total liabilities included short-term borrowings of ¥27,192,797.40, significantly reduced from ¥206,501,879.81 in the previous year[79]. - The actual total guarantee amount accounts for 0.85% of the company's net assets[167]. Revenue Segmentation - The software and information technology services sector accounted for 99.71% of total revenue, with a revenue of approximately CNY 1.08 billion, up 34.80% from the previous year[56]. - The system integration segment generated CNY 671 million, making up 61.95% of total revenue, with a growth rate of 43.11% year-on-year[56]. - The company’s revenue from software development and system integration services is driven by its strong technical support and extensive project implementation experience[27]. - The company’s revenue in the second half of 2019 accounted for 54.33% of the total annual revenue, indicating seasonal revenue fluctuations[38]. Investments and R&D - The company has made significant investments in blockchain technology, resulting in the release of the 2.0 version of its blockchain service platform[42]. - Research and development expenses surged by 92.91% to ¥72,331,791.46, reflecting the company's increased investment in R&D[70]. - R&D investment amounted to ¥142,689,493.49 in 2019, representing 13.16% of operating revenue, a decrease from 16.15% in 2018[72]. - The number of R&D personnel increased to 1,139 in 2019, accounting for 81.77% of total staff, up from 79.64% in 2018[72]. Market Position and Strategy - The company has maintained its core business focus on providing information technology solutions for the financial industry since its establishment[27]. - The company is actively expanding its client base in the financial, government, and military sectors, achieving notable progress in acquiring influential new clients[36]. - The company plans to focus on "financial technology" and "military informationization" markets, integrating resources and investing heavily in these core areas over the next 1-3 years[106]. - The company aims to become a leading player in blockchain applications within the financial industry, focusing on product development and talent acquisition[104]. Risk Factors - The company faces risks including reliance on major clients and rising labor costs, as well as potential impacts from the COVID-19 pandemic[4]. - The company has implemented measures to mitigate risks associated with reliance on major clients, with over 60% of its main business revenue coming from the top five clients[109]. - Rising labor costs due to competition for high-level technical talent are a concern, prompting the company to adjust personnel structures and establish talent bases in various cities[110]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 0.45 per 10 shares, with a capital reserve conversion of 3 shares for every 10 shares held[4]. - The company has a stable profit distribution policy, prioritizing cash dividends when conditions allow, to ensure reasonable returns for investors while considering sustainable development[116]. - Cash dividends distributed amounted to ¥10,260,166.68, representing 18.56% of the net profit attributable to ordinary shareholders[122]. - The total cash dividend, including other methods, reached ¥40,260,088.05, which is 72.82% of the net profit attributable to ordinary shareholders[122]. Corporate Governance and Compliance - The company has committed to timely and accurate disclosure of its financial statements and related materials, ensuring no false records or omissions exist[131]. - The company will strictly adhere to all public commitments made during its initial public offering and will accept social supervision[128]. - The company will compensate investors for losses incurred due to any misleading statements in the prospectus[131]. - The company has ensured that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[118].